The cost of BTS has grown to $0,20
It would seem, the cost of different cryptocurrencies grows over time. But in most cases increase in cost has nothing in common with the actual news about events, and is result only of market manipulations.
As the recent growth of BitShares wasn't followed by any important news it raises many questions. The project exists already long time, but now there is no real reason for growth of cost.
WHAT HAPPENS TO BITSHARES PRICE?
It is important that we have in more detail considered what is BitShares before defining whether there is a reason for increase in growth. It is the best of all for BitShares to describe as the decentralized platform with opportunities of exchange and fintech. He is developed to be incredibly fast, flexible, scalable and effective. It would be possible to claim that BitShares seeks to be the protocol which could be bitcoin if he hasn't been coordinated by technological restrictions right now.
The BitShares protocol allows users to create and trade in various assets against any other asset which they want. There are stable assets called by smartcoins, and the digitized assets called by the assets released users. It is the intriguing project which finally will allow the project to be financed independently and to automatically create new jobs. It was the situation in which BitShares exists already for a long time.
As one would expect, the BitShares platform has an own token / asset - BTS. Now the total amount of coins makes 2 602 390 000 BTS that won't change in the near future. A main objective of BTS is start of the decentralized autonomous companies which can get profit and share the specified profit to shareholders. The same tokens also allow users to release own assets under the BitShares protocol. It is native "currency" of all ecosystem.
However BTS assets can also freely bargain at the exchanges. It allows speculators to push the price for BTS up or down, irrespective of news or the cost truth. Right now BTS have received a strong push up though there are no news or announcements announcing increase in cost in general. More specifically, the value of each BTS always was steadily about $0,01. Now the cost of one BTS is estimated more than at US of $0. 20, for the unclear reason. Growth has happened on May 29 though during this period anything special hasn't occurred.
Certainly, people could realize the potential of this protocol just now. Besides, it is also possible, no other than the long-term scheme Pampas and with the subsequent damp. Nobody doubts that BitShares offers a number of interesting technologies, but such price splash can't be considered "normal" under no circumstances. Though, today very few usual things in cryptocurrency.